Cotton price action is down 29 to 33 points across the front months on Thursday morning. Futures closed the Thursday session with contracts down 5 to 10 points in the nearbys, as October was down 24 points on thin trade. The US dollar index was back down $0.383 to $98.045, as crude oil futures were down another $1.31.
USDA’s Export Sales report showed a total of 241,982 RB of cotton sold in the week of 8/7. The top buyer was Vietnam of 119,200 RB, with 40,200 RB sold to Bangladesh and 20,700 RB to Turkey. Actual shipments were 142,593 RB in the first week of the MY. The top destination was Vietnam of 34,800 RB with 26,200 RB to Pakistan and 19,300 RB to Turkey.
